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Financial Aid Answers - presented by eLearners.com

It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help you understand and locate the financial aid you need to earn your online degree.

For Teacher Education Students

The new federal TEACH Grant (Teacher Education Assistance for College and Higher Education Grants) program is currently in negotiated rulemaking, as I mentioned in my previous post. This grant will be effective for the 2008-09 academic year. What I have heard about this program is this:

 

The TEACH Grant is intended to provide a grant in the amount of $4,000 per year ($16,000 maximum for undergraduate or certification and $8,000 for graduate) for students in a teacher program who plan to teach in a Title I school in certain “high need” subject areas after graduation. These “highly qualified teachers” must teach a minimum of four years within eight years after completing a teacher program. At this time, “highly qualified teachers” has not been defined. Students must be taking courses that are in the teacher degree program, and must have a 3.25 GPA. How the GPA is determined (cumulative, I assume) has yet to be determined.

 

The TEACH Grant is intended to provide a grant in the amount of $4,000 per year ($16,000 maximum for undergraduate or certification and $8,000 for graduate) for students in a teacher program who plan to teach in a Title I school in certain “high need” subject areas after graduation. These “highly qualified teachers” must teach a minimum of four years within eight years after completing a teacher program. At this time, “highly qualified teachers” has not been defined. Students must be taking courses that are in the teacher degree program, and must have a 3.25 GPA. How the GPA is determined (cumulative, I assume) has yet to be determined.

 

The TEACH Grant is intended to provide a grant in the amount of $4,000 per year ($16,000 maximum for undergraduate or certification and $8,000 for graduate) for students in a teacher program who plan to teach in a Title I school in certain “high need” subject areas after graduation. These “highly qualified teachers” must teach a minimum of four years within eight years after completing a teacher program. At this time, “highly qualified teachers” has not been defined. Students must be taking courses that are in the teacher degree program, and must have a 3.25 GPA. How the GPA is determined (cumulative, I assume) has yet to be determined.

 

Now, while this sounds like a good thing, there are drawbacks. If you fail to meet the teaching requirements after graduation, you will be required to repay the grant as a Direct Unsubsidized Loan from the date the grant was originally disbursed. This means interest will have accumulated during the period you were in school. It will turn into a loan!

 

There is a new question on the 2008-09 FAFSA on the Web in the “Info About You” section that asks if you plan on completing coursework to be an elementary or secondary teacher. The question will not appear on the paper FAFSA. At this time, your answer will not appear on your Student Aid Report. The federal processor plans to send new electronic Student Aid Reports to schools in mid-February for those who have answer yes to this question.

 

At this time, a national committee has been formed, including personnel from the elementary and secondary field, as well as those in post-secondary education, to participate in negotiated rulemaking. As I mentioned in my last post, negotiated rulemaking is voluntary. While this committee does not have final say in the implementation of this program, the Department of Education does take their suggestions and proposals into consideration.

 

For you teacher education majors, stayed tuned. I’ll keep you informed as rules and regulations are defined for this program.

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Published Tuesday, January 15, 2008 6:36 PM by ter
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Comments

 

doliver said:

I am a gifted education teacher with a BS in K-6 Elem Education and Academically Gifted k-12. I want to get my masters on line and want to look at  a Masters in Curriculum and Instruction or Supervisory.  Can anyone give me any advice??

January 17, 2008 2:55 PM
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About ter

I have been a financial aid advisor for nearly 25 years now! Time really does fly. Like other e-learners, I acquired my Bachelor of Arts degree and my Master of Science degree while working full time and raising a family. My coursework consisted of classroom instruction, online and independent study courses, and weekend classes.

I began in financial aid as a secretary, and have worked my way to senior level financial aid advisor at a public four year college in the Midwest. When I began in 1984, we did not have computers, so I have seen the evolution of technology and its impact on education and financial aid.

My husband and I have four children in our household. My daughter and stepson are both in college. My son and stepdaughter are high school freshman.

I look forward to being a part of eLearners.com and given the chance to educate students, especially “non-traditional” students, on the ins-and-outs of financial aid. It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help.

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ter

I have been a financial aid advisor for nearly 25 years now! Time really does fly. Like other e-learners, I acquired my Bachelor of Arts degree and my Master of Science degree while working full time and raising a family. My coursework consisted of classroom instruction, online and independent study courses, and weekend classes.

I began in financial aid as a secretary, and have worked my way to senior level financial aid advisor at a public four year college in the Midwest. When I began in 1984, we did not have computers, so I have seen the evolution of technology and its impact on education and financial aid.

My husband and I have four children in our household. My daughter and stepson are both in college. My son and stepdaughter are high school freshman.

I look forward to being a part of eLearners.com and given the chance to educate students, especially “non-traditional” students, on the ins-and-outs of financial aid. It is a daunting task to analyze, interpret, and implement federal financial aid regulations these days. Hopefully the information I provide will help.

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